It's that time of year -- when Magic Johnson, Samuel L. Jackson and LL Cool J team up to remind us how insanely rich they are ... by cruising on a yacht that costs MORE THAN A MILLION DOLLARS A WEEK!!!!
Of course, the group of buds gets together every year to celebrate all their accomplishments ... making their way through the Italian waters on expensive ass boats.
The Lakers legend returned to the incredible 281-foot Aquila for this year's bash ... which, as we previously reported, is as baller as it gets.